NASDAQ$BMRC

Bank of Marin Bancorp · Q4 2025 earnings

Q4 2025 earnings · · Before market open · Investor relations

Briefing

Bank of Marin Bancorp reported a Q4 2025 net loss of $39.5M, or $(2.49) per share, after a balance-sheet repositioning.

The company recorded a fourth-quarter net loss of $39.5 million after $69.5 million of losses on investment securities sold as part of a portfolio repositioning. Comparable pre-tax pre-provision net income was $12.6 million. Management expects the repositioning to support net interest margin expansion in 2026 while loan originations and asset quality improved sequentially.

  • Q4 GAAP net loss $39.5M after securities repositioning.
  • Comparable pre-tax pre-provision income $12.6M.
  • Loan growth and asset quality improved in Q4.
  • Repositioning targets margin expansion in 2026.

Headline financials

Total Revenue

$31.2M

Previous: $25.2M+23.7%
EPS (adj)

-$2.49

Previous: $0.38-755.3%
Efficiency Ratio

63.0%

No prior period
Net Interest Margin

3.3%

No prior period
Return on Assets

0.9%

No prior period
Return on Equity

8.7%

No prior period
Cost of Deposits

1.2%

No prior period
Cost of Funds

1.2%

No prior period
Net Charge-offs to Loans

0.1%

No prior period
Non-accrual Loans to Loans

1.3%

No prior period
Classified Loans % Total

1.5%

No prior period
Loan Loss Allowance % Loans

1.4%

No prior period
Loan Loss Allowance to Non-Accrual

1.12

No prior period
Loan-to-Deposit Ratio

62.1%

No prior period
TCE/TA - Bank

8.6%

No prior period
TCE/TA - Bancorp

8.3%

No prior period
Risk Capital Ratio - Bancorp

15.3%

No prior period
Risk Capital Ratio - Bank

13.9%

No prior period
Net Income

-$39.5M

Previous: $6M-758.9%
Operating Income

-$56.9M

Previous: $9.65M-689.8%

Revenue & EPS history

Bank of Marin · Revenue · Quarterly

$31.2M

Q4 2025+23.7%vs Q4 2024
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Revenue by segment

Bank of Marin · $2.12B total across 7 segments · Q1 2021

  • RE - Investor Owned
    $955M
  • Commercial & Industrial
    $545M
  • RE - Owner Occupied
    $308M
  • Other Residential
    $124M
  • Home Equity
    $96.6M
  • Construction
    $71.1M
  • Consumer Loans
    $21.4M

Forward guidance

The release discusses BMRC's outlook for upcoming periods, including capital allocation, operating priorities, and market risks.

Tailwinds

  • BMRC cites operational execution and demand trends supporting the outlook.
  • Balance sheet and capital actions aim to fund growth and shareholder returns.

Headwinds

  • GAAP profitability remained under pressure in Q4 2025.
  • Macro, pricing, and input-cost volatility could pressure margins.
  • Segment mix and one-time items may affect quarter-to-quarter comparability.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2025

Historical avgQ4 2025

+0.3%

Avg return

Earnings day

-0.4%

Avg return

5 days after

+1.0%

Avg return

30 days after

56%

37 / 66 earnings

Positive

+8.6%

Q3 2015

Best reaction

-11.5%

Q1 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.1%+0.0%+0.5%
Q4 2025+3.6%+1.6%+0.2%
Q3 2025+4.9%+5.2%+10.5%
Q2 2025-0.7%-2.1%+5.6%
Q1 2025+0.7%+2.6%+0.0%
Q4 2024+5.6%+5.3%+1.3%
Q3 2024+5.0%+1.6%+17.4%
Q2 2024-4.6%-16.4%-7.7%
Q1 2024-7.0%+0.8%-2.1%
Q4 2023-3.8%-11.0%-21.5%
Q3 2023-5.2%-2.6%+8.1%
Q2 2023-0.5%+7.1%-4.0%
Q1 2023-11.5%-15.0%-15.7%
Q4 2022-5.4%-6.1%-6.5%
Q3 2022+6.2%+13.4%+7.5%
Q2 2022+2.6%+2.0%-2.6%
Q1 2022-7.0%-5.2%-1.4%
Q4 2021+1.9%-2.0%-6.0%
Q3 2021+2.8%+0.2%-2.9%
Q2 2021+3.6%+2.5%+12.3%
Q1 2021-10.0%-8.0%-10.4%
Q4 2020-0.3%-6.8%-3.8%
Q3 2020-7.5%-8.0%+15.3%
Q2 2020+2.9%+1.2%+0.9%
Q1 2020-0.3%+0.9%+0.6%
Q4 2019+3.1%-0.2%-7.2%
Q3 2019+4.5%+3.8%+8.0%
Q2 2019+1.6%+3.5%-1.7%
Q1 2019-0.4%+0.0%-2.9%
Q4 2018+1.3%-0.2%+4.8%
Q3 2018+2.3%+3.5%+2.8%
Q2 2018+5.6%+6.4%+7.8%
Q1 2018+8.4%+7.1%+12.2%
Q4 2017-2.3%-2.7%-3.1%
Q3 2017+3.6%+5.6%+0.1%
Q2 2017+2.8%+7.0%+3.3%
Q1 2017-1.3%-8.1%-9.9%
Q4 2016+4.9%+2.1%+2.5%
Q3 2016+0.7%+0.2%+33.9%
Q2 2016-2.8%-4.3%-5.3%
Q1 2016+1.4%
Q4 2015+2.7%
Q3 2015+8.6%
Q2 2015-4.2%
Q1 2015+1.6%
Q4 2014-3.9%
Q3 2014+0.5%
Q2 2014+2.8%
Q1 2014-0.2%
Q4 2013-0.4%
Q3 2013-0.1%
Q2 2013-7.1%
Q1 2013+2.8%
Q4 2012+2.7%
Q3 2012-1.8%
Q2 2012+0.1%
Q1 2011+0.0%
Q1 2012+0.5%
Q4 2009+1.7%
Q4 2011+1.7%
Q4 2010+1.7%
Q3 2011-1.3%
Q3 2010-1.3%
Q2 2011+4.0%
Q2 2010+4.0%
Q1 2010-2.4%

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